Khan Academy: Economic Systems, the Role of Incentives, and Circular Flow Model

Young historians practice identifying evidence to categorize a particular country's economic system as either a mixed, centrally planned, traditional, or free economic system in this two-part lesson.

How do people make decisions in a world where wants are unlimited but resources are not? How do individuals and governments utilize scarce resources (human, natural, and capital) in different economic systems? Introduce your learners to...

As an introduction to economics, government classes investigate different types of economic systems (traditional, command, market or capitalist, mixed) to determine answers to basic question about how goods are produced.

Agribusiness, human capital, productivity. Find out what your class members know about economic systems and terminology with this two-page economics worksheet that that asks kids to identify terms and concepts.

Economics learning module on the fundamentals of economics including the role of government and economic systems.

Does it ever seem like the more money you get, the more you spend? A short video lesson introduces the concept of goods and services changing hands in a circular flow pattern. Scholars analyze how businesses make money from selling goods...

Practice what you have learned about the circular flow model and how gross domestic product (GDP) is calculated in this four-question exercise.

This site uses an interactive Circular Flow Model to show the flow of payments for the factors of production (rent, wages, and interest) along with payments for finished goods and services. Questions are provided which ask the user if a...

Enhance the learning process by using this video tutorial to better understand circular flow models and the relationship between households, markets, and firms in a competitive market. [12:37]

This site shows the flow of payments for the factors of production and for finished products by using the Circular Flow Model.